NOTE: If you don’t qualify please pass this on to someone who may benefit On March 27th President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which allocated an initial $350 Billion for a new SBA (Smalls Business Administration) loan: the Paycheck Protection Program, or PPP (Triple-P).
The top reverse mortgage news stories for April 6, 2020 Secondary market pricing turbulence cuts profitability Two proprietary reverse mortgages pulled Nationwide expands its private reverse mortgage offering Mortgagee Letter 2020-06 provides protections for HECM borrowers Massachusetts face-to-face counseling law to be modified due to coronavirus pandemic
Have you kept track of every lead you’ve received? Every phone conversation? Each appointment held that did not result in an application for a reverse mortgage? If you’ve answered yes to one or more of these questions- congratulations! Urgency vs. Need To employ a sense of urgency that homeowners may